Thursday, October 2, 2014

Warren Buffett, the billionaire chairman and chief executive officer of conglomerate Berkshire Hathaway Inc, praised Coca-Cola's altered executive compensation plan on Thursday."I think the new plan makes great, great sense," Buffett told cable business channel CNBC, referring to Coca-Cola's new guidelines to limit the executive compensation plan, starting next year."I think it's remarkable what Coke did," said Buffett, whose Berkshire Hathaway is the company's biggest shareholder with a 9.1 percent stake. Referring to Maria Elena Lagomasino, chair of Coca-Cola's compensation committee, Buffett said, "I tip my hat to her."Buffett said he felt as good as ever about his investment in Coca-Cola. He told CNBC earlier this year he had abstained from a shareholder vote on its controversial equity compensation plan when it came up for renewal in April, even though he considered it excessive.

Berkshire Hathaway Inc. (Berkshire) is a holding company owning subsidiaries engaged in a number of diverse business activities. Shares of BRK-A traded higher by 0.7% or $1435.0/share to $206290.00. In the past year, the shares have traded as low as $163038.00 and as high as $213612.00. On average, 288 shares of BRK-A exchange hands on a given day and today's volume is recorded at 83.

Berkshire Hathaway Inc. (Berkshire) is a holding company owning subsidiaries engaged in a number of diverse business activities. Shares of BRK-B traded higher by 0.68% or $0.925/share to $137.54. In the past year, the shares have traded as low as $108.12 and as high as $142.45. On average, 2920480 shares of BRK-B exchange hands on a given day and today's volume is recorded at 644434.

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